54FLocal regulatory costs

54F Local regulatory costs (1) For this part, the local regulatory cost for a year is the amount determined by the administrator to be the cost to the Territory of— (a) providing regulatory activities in relation to safety, technical operations, consumer service and environmental behaviour for energy utility services; and (b) the administration of the levy.

(2) The administrator must, before 1 October in the levy year, in accordance with this section, determine— (a) the estimated local regulatory cost to be applied to each energy industry sector for the levy year; and (b) the actual local regulatory cost to be applied to each energy industry sector for the year before the levy year. (3) In determining the estimated local regulatory cost for an energy industry sector for a levy year, the administrator must— (a) consider the following: (i) the budget, or draft budget, for local regulatory activities for the year; (ii) the costs incurred in previous years for local regulatory activities; and (b) apportion the estimated local regulatory cost between energy (4) In determining the actual local regulatory cost for an energy industry sector for a year before a levy year, the administrator must apportion the actual local regulatory cost between energy industry sectors having regard to the costs attributable to each sector. (5) A determination under this section is a notifiable instrument.